ADVFN - Advanced Financial Network.
HOME» NYSE » C » CSC Stock Price » CSC Stock News

Computer Sciences Share News

 Computer Sciences Corp. Stock Price
CSC Stock Price
 Computer Sciences Corp. Stock Chart
CSC Stock Chart
 Computer Sciences Corp. Stock News
CSC Stock News
 Computer Sciences Corp. Company Information
CSC Company Information
 Computer Sciences Corp. Stock Trades
CSC Stock Trades

CSC 2Q Net Off 15% As Revenue, Margins Weaken; View Mixed

DOW JONES NEWSWIRES CSC's (CSC) second-quarter earnings fell 15% as the information-technology company reported weaker revenue and margins along with sharply higher taxes. It raised its profit target for the year by 5 cents to $5.35 to $5.45 a share but lowered its revenue view to $16.5 billion to $17 billion from $16.8 billion to $17.2 billion. The information-technology services company, which provides services from consumer-credit information to online-data security, has benefited from increased IT outsourcing. For the quarter ended Oct. 1, CSC reported a profit of $184 million, or $1.18 a share, down from $216 million, or $1.40 a share, a year earlier. Revenue decreased 1.6% to $3.98 billion. Analysts polled by Thomson Reuters most recently forecast earnings of $1.17 on revenue of $4 billion. Gross margin fell to 20% from 20.4%. CSC's managed-services segment, which is its largest by revenue and which mainly covers government contracts, saw revenue edge up 0.1%. Its North American public-sector business reported revenue declined 4.5%. Shares closed Tuesday at $48.79 and were down 1.4% premarket to $48.10. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;;

Stock News for Computer Sciences (CSC)
02/11/201613:13:05Amended Statement of Ownership (sc 13g/a)
02/10/201617:23:00Current Report Filing (8-k)
02/10/201617:10:52Notification That Quarterly Report Will Be Submitted Late (nt...
02/09/201617:05:28Current Report Filing (8-k)
02/09/201616:57:00Newly-Separated CSC Delivers Earnings Growth and Margin Expansion...
02/04/201616:30:00CACI Taking a Break From Deals
02/02/201615:00:00CSC Position Paper Guides Insurers on the Challenges and Benefits...
02/02/201608:30:00CSC to Report Third Quarter 2016 Results on Tuesday, February...
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/27/201609:01:00CSC Receives XCelent Award for EMEA Policy Administration System
01/27/201609:00:00Gartner Positions CSC in the ‘Leaders’ Quadrant of the 2015 Mag...
01/26/201608:22:44Amended Statement of Ownership (sc 13g/a)
01/25/201615:00:00CSC CTO Position Paper Series Explores the Digital Enterprise...
01/21/201616:19:23Current Report Filing (8-k)
01/20/201616:47:30Statement of Changes in Beneficial Ownership (4)
01/20/201616:47:30Statement of Changes in Beneficial Ownership (4)
01/15/201614:00:00CSC Embraces IBM Cloud to Accelerate Hybrid Cloud Adoption
01/06/201615:00:00Independent Research Firm Names CSC a “Leader” in Global Wor...

Computer Sciences and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations